Vertiv Holdings Co. (VRT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned +14.5% over the past month versus the Zacks S&P 500 composite's -2% change. The Zacks Computers - IT Services industry, to which Vertiv belongs, has lost 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?Although media reports or ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __to__ Commission File No. 001-38518 Vertiv Holdings Co (Exact name of registrant as specified in its charter) Delaware 81-2376902 (State or other jurisdiction of (I.R. ...

Vertiv Holdings Co (NYSE:VRT) Q1 2024 Earnings Conference Call April 24, 2024 11:00 AM ET Company Participants Lynne Maxeiner - Vice President of Investor Relations Dave Cote - Executive Chairman Gio Albertazzi - Chief Executive Officer David Fallon - Chief Financial Officer Conference Call Participants Jeff Sprague - Vertical Research Amit Daryanani - Evercore Steve Tusa - JPMorgan Scott Davis - Melius Research Andy Kaplowitz - Citigroup Mark Delaney - Goldman Sachs Andrew Obin - Bank of America Nigel Coe ...

The company's business is caught up in the AI wave.The rise of artificial intelligence (AI) is creating massive demand for new data centers, and with it demand for the companies serving the data centers.Vertiv (VRT 3.74%), one such company, easily beat quarterly expectations and its stock is up 10% as of noon ET as a result.Strong results, stronger ordersVertiv makes power management and cooling systems for data centers and communications hubs. Heat is a massive issue inside data centers and inadequate cool ...

Q1 2024 Earnings Share count assumptions ➤ Since there is a GAAP net loss in the first quarter of 2024 – primarily driven by the change in fair value of warrant liabilities, potentially dilutive equity instruments are considered "anti-dilutive" for purposes of calculating EPS. Therefore, diluted share count is the same as basic share count (see table to right). Potentially dilutive equity instruments would have been ~10M shares if not anti-dilutive. ► Repurchase of ~9M shares at beginning of March. Repurcha ...

Vertiv (NYSE:VRT) stock is in the rise today as investors celebrate the artificial intelligence (AI) boom helping out the data center cooling company’s business.The increase in demand for its data center cooling products resulted in a 60% increase year-over-year in orders during the company’s first quarter of 2024. That resulted in net sales climbing 8% higher to $1.64 billion. This beats out Wall Street’s estimate of $1.62 billion.Giordano Albertazzi, CEO of Vertiv, provided the following insight on the co ...

Vertiv Holdings Co. (VRT) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.22%. A quarter ago, it was expected that this company would post earnings of $0.54 per share when it actually produced earnings of $0.56, delivering a surprise of 3.70%.Over the last four quarters, the compan ...

Vertiv Reports 60% Organic Orders Growth, 8% Net Sales Growth in First Quarter; Updates Full Year 2024 Outlook • First quarter 2024 organic orders up 60% compared to first quarter 2023, book-to-bill ratio 1.5x in first quarter 2024 and record high $6.3 billion backlog at the end of first quarter 2024 • First quarter 2024 net sales of $1,639 million, 8% higher than first quarter 2023 • First quarter 2024 operating profit of $203 million and adjusted operating profit(1) of $249 million, up 42% from first quar ...

Demand for data center services are on the rise as businesses scramble around artificial intelligence (AI).One of the hottest themes pushing the S&P 500 and Nasdaq Composite to new heights is artificial intelligence (AI). Applications from ChatGPT and competing platforms have taken the world by storm, and the momentum doesn't appear to be slowing down.Like all emerging growth trends, there are loads of opportunities to invest in artificial intelligence (AI). One of the bigger areas in the AI realm is data c ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth S ...